BlockBeats News, October 10th, according to an official announcement, the Ethereum Foundation’s Grants Team has partnered with Keyring Network to launch a new funding mechanism to support privacy developers. The zkVerified permissioned vault deployed on the Keyring mainnet provides compliant and privacy-preserving DeFi lending market access. For the initial two months, all protocol fees from the Keyring zkVerified vault will be donated to the legal defense fund of Roman Storm and Alexey Pertsev. These two Tornado Cash developers are currently facing trial for releasing open-source code.
The Ethereum Foundation stated that this model ensures that the initial users of the vault can directly support the legal defense of privacy-focused developers.
